Brief: Tugcelik in talks with foreign funds to use loans

Tugcelik Aluminyum ve Metal Mamulleri Sanayi ve Ticaret

12/06/2015 11:04

June 12 (Reuters) - Tugcelik  TUCLK.IS : 
     
    * Negotiates with foreign funds to use loans in return for 
shares and share sale 
    * Sees talks to be finalized till the end of 2015 
    * Sees after agreement $20-40 million source to be generated 
for the company 
    * Says to use this fund to refinance loans and factory 
investment 
 
     
Source text for Eikon:  ID:nIKABWbVwa  
     
Further company coverage:  TUCLK.IS  
 
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